Vietnam minister says party must reform, or face opportunity loss


  • World
  • Friday, 22 Jan 2016

Delegates attend the opening ceremony of the 12th National Congress of Vietnam's Communist Party in Hanoi, Vietnam, January 21, 2016. REUTERS/Kham

HANOI (Reuters) - Vietnam must urgently reform its political system to continue its economic growth and liberalisation and bolster the private sector to win back public trust in the ruling party, the country's investment minister said on Friday.

Bui Quang Vinh said the past three years had seen "life-changing" moves away from central planning towards a market economy, but Vietnam needed effective leadership and a party that was more efficient and supportive of private firms.

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